AFM101 Chapter Notes - Chapter 6: Ontario Securities Commission, Canadian Securities Administrators, Financial Statement

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM101
• Professor: Donna Psutka

Document Summary

Afm 101 chapter 6 communicating and interpreting oct 10. Canadian publicly traded corporations must comply with provincial securities regulations that are coordinated by the canadian securities administrators (csa). Csa is a forum for 13 securities regulators of canada"s provinces and territories. Csa"s mission is to protect investors from unfair, improper, or fraudulent practices and to foster fair, efficient, and vibrant capital markets. Provincial or territorial regulators handle all complaints regarding securities violations in their respective jurisdictions and have legal authority to enforce provincial regulations concerning timeliness and quality of financial disclosure. Accounting standards board (acsb) establish standards of accounting and reporting by. Canadian auditing and assurance standards board (aasb) is a federal agency which oversees canadian accounting firms (independent auditors) that perform auditing engagement of public companies. Corporate governance standards (stock exchanges) along with provincial gov"ts, set overall corporate governance standards (the most prominent is the ontario securities commission).